International Journal of Small and Medium Enterprises and Business Sustainability
Welcome to the International Journal of Small and Medium Enterprises and Business Sustainability published by the Publishing Lembaga Penerbit Fakultas Ekonomi dan Bisnis (LPFEB) Universitas Trisakti. As its primary objective, this double-blind review and online scientific journal is dedicated to publishing original and outstanding studies in English that increase knowledge and understanding of the development of small and medium-sized enterprises (SMEs), including entrepreneurship and family-owned businesses, and its factors or conditions that influence business sustainability, and, ultimately, shape this field of research. This journal focuses on theoretical, empirical, policy and practical issues in the field of SMEs, especially in developing countries. The articles published in this Journal are important for academics, policy makers, practitioners and analysts in governments and organizations, who seek to understand the processes and outcomes of SMEs, especially with regard to their growth, constraints and sustainability. Published articles may include theoretical articles, qualitative and quantitative empirical works, and/or case studies. Considering that the aim of the Journal is to push the boundaries of current thinking regarding SME development, case studies to be published in the Journal must have a theoretical perspective. Theoretical contributions can be linked to cases that challenge existing theories or shed better light on them. Articles to be published in the Journal focuses primarily on the following topics: Small and medium enterprises (SMEs) Entrepreneurship Family-owned businesses Government policy on SME and entrepreneurship The role of cooperatives and non-government organizations (NGOs) in supporting SMEs Epistemology, general theory development, and methods of research in entrepreneurship, SMEs, and family-owned businesses Impacts of macroeconomic policies, including subsidies policy, trade policy, and investment policy, on SMEs Impacts of market structure and market competition on SMEs Financing: microfinance, informal sources of finance, bank and other non-bank financial institutions Main factors which affect business sustainability Other issues related to SMEs in particular and business in general
Articles
162 Documents
<![CDATA[Social entrepreneurship in Asia: a literature review ]]>
<![CDATA[Savita Shankar]]>
<![CDATA[ International Journal of Small and Medium Enterprises and Business Sustainability Vol. 1 No. 1 (2015): July ]]>
Publisher : <![CDATA[Lembaga Penerbit Fakultas Ekonomi dan Bisnis Universitas Trisakti ]]>
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<![CDATA[This paper reviews the literature in peer-reviewed journals on social enterprises in South, East and Southeast Asia. The country studies indicate that evolution of social enterprises in a country seems to be closely related to historical events that create favorable conditions. Typologies of social enterprises that develop in a country appear to be a result of its socio-economic circumstances, cultural factors and regulatory environment. The literature on social enterprises in the Asian context is largely limited to some studies on development of social enterprise in specific countries and conceptual papers in which the Grameen Bank case features as an example. This limited nature of the literature is a surprising finding if one were to consider the current level of social enterprise activity in Asia. The short history of social entrepreneurship research, the difficulties in developing a working definition of a social enterprise and the dominance of Western debates in the social entrepreneurship literature have all contributed to the lack of adequate literature based on empirical studies in Asia. The deeply embedded nature of social enterprises and the development potential they hold are important reasons for addressing this research gap.]]>
<![CDATA[Entrepreneurship in Indonesia and Poland Development, Obstacles and Prospects ]]>
<![CDATA[Anna Bąkiewicz]]>;
<![CDATA[Tulus T.H. Tambunan]]>
<![CDATA[ International Journal of Small and Medium Enterprises and Business Sustainability Vol. 1 No. 2 (2015) ]]>
Publisher : <![CDATA[Lembaga Penerbit Fakultas Ekonomi dan Bisnis Universitas Trisakti ]]>
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<![CDATA[The paper examines the role played by the middle class in the development of European and Asian capitalism. In particular, this comparative study of Indonesia and Poland is to enlarge understanding of the actual and potential importance of the development of entrepreneurship for economic, political and social development. Especially, it aims at drawing some lessons from the experiences of micro, small and medium enterprises (MSMEs), which are generally viewed as the important basis of both entrepreneurship and middle class development in the two countries. This study is based on some premises and observations concerning both the selected economies, the development of entrepreneurship, and the role of MSMEs. This paper presents static and dynamic comparisons of MSMEs development in Indonesia and Poland. Next, the discussion of the determinants of the MSMEs development follows. It covers factors on both global and national levels with the economic policy included. Finally, it tries to identify the consequences of the expansion of the entrepreneurship and the middle class in the two economies for their economic, political and social development. In conclusions the paper suggests some ideas concerning both the role of entrepreneurship in development, the modernization of the MSMEs sector and finally, the institutional support instruments that seem to be economically reasonable]]>
<![CDATA[Decision Making in Financial Strategies from Small Business ]]>
<![CDATA[M.C. Grecia Itzel Tirado Gálvez]]>;
<![CDATA[Claudia Lizbeth Tirado Gálvez]]>;
<![CDATA[Marcela Rebeca Contreras Loera]]>
<![CDATA[ International Journal of Small and Medium Enterprises and Business Sustainability Vol. 1 No. 2 (2015) ]]>
Publisher : <![CDATA[Lembaga Penerbit Fakultas Ekonomi dan Bisnis Universitas Trisakti ]]>
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<![CDATA[The role of small and medium enterprises (SMEs) worldwide is considered key because of its considerable input with regard to the production and distribution of tangible and intangible assets; at the same time, they are considered flexible because they have rapid adaptation to technological change and potential to create jobs. In this regard, SMEs give the means to promote economic development and competitiveness of any locality. In this context, it is clear the importance of SMEs internationally. Therefore, the objective of this study is to analyze the decision-making on financial strategies from small business. The research was conducted under the qualitative methodological perspective, by focusing on analysis of primary data collected through interviews and observation, and secondary information obtained through books, scientific articles and newsletters produced by federal and state organizations in Mexico. This research is preliminary only and it will serve as a preparation for future detailed study. The findings indicate that financial strategies proposed by the owner of the small business does not embody the necessary elements to achieve them properly, and that even when written goals are set, these have not given a real track, but only remain in paper without proper follow up or incentives for sellers to be motivated to reach sales levels that should be achieved to address the planned expenditures. In this regard it is noted how the process of decision making is not followed in a proper way because it lacks a real analysis of alternatives and on the other hand it its seen that the financial strategy is left embodied without follow up, because of this motive the established goals are not reached.]]>
<![CDATA[Building Confidence, Competence and Connectivity: An Entrepreneurship Learning Methodology for Women at Risk in Dolly, Surabaya, Indonesia ]]>
<![CDATA[Antonius Tanan]]>;
<![CDATA[Siew Mee Barton]]>
<![CDATA[ International Journal of Small and Medium Enterprises and Business Sustainability Vol. 1 No. 2 (2015) ]]>
Publisher : <![CDATA[Lembaga Penerbit Fakultas Ekonomi dan Bisnis Universitas Trisakti ]]>
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<![CDATA[It is popular to argue that entrepreneurs are ‘born not made’. There is no question that personality type and innate strengths do play a significant role in equipping individuals to function as entrepreneurs but it is also clear that a lot of the capacity building that can assist somebody in starting their own business, and successfully developing it, involves skills, knowledge and attitudes that can be taught. This paper discusses one model of teaching entrepreneurship that has arisen out of the experience of working with vulnerable individuals who lack specific skills, capital and education. The initial development of this model took place when Ciputra University (UC) began working with women formerly involved in the sex-worker industry in Surabaya’s infamous Dolly neighborhood. These women had very modest levels of formal education, limited life experience, little confidence that they could ever succeed outside the profession that they had known and few skills to facilitate alternative employment. The educational model developed to assist them is broadly applicable to those coming into entrepreneurship with little education or background in business. This model is built around three essential elements, summarised as: Confidence, Competence and Connectedness (‘the 3Cs’). Confidence is built through culinary training for a learning outcome from a psychomotor domain.]]>
<![CDATA[Towards sustainable global value chains in Asia and the Pacific ]]>
<![CDATA[Masato Abe]]>
<![CDATA[ International Journal of Small and Medium Enterprises and Business Sustainability Vol. 1 No. 2 (2015) ]]>
Publisher : <![CDATA[Lembaga Penerbit Fakultas Ekonomi dan Bisnis Universitas Trisakti ]]>
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<![CDATA[This paper examines the present development of global value chains (GVCs), with particular attentions to the capacity building of small and medium-sized enterprises (SMEs) and the adoption of sustainable development agenda. The recent findings of both academic and policy literature on GVCs provide useful implications for both Governments and the business communities in Asia and the Pacific. The linkages between corporate and GVCs’ sustainability are explored, with special attention given to SMEs’ growing participation. More specifically, the paper highlights growth implications and challenges for SMEs in the context of specific industrial GVCs (agribusiness, garments and apparel, and automotive parts). The concepts of corporate social responsibility (CSR), circular economy, social investment and sustainability reporting are also examined in the context of relevance for and linkages with GVCs. Those analyses conclude with a number of policy options for national strategies and the design of economic policies to enhance the competitiveness of SMEs as well as the sustainability of GVCs.]]>
<![CDATA[A Study of Corporate Cash Holding Behaviors during Economic Transition in China: 1999-2007 ]]>
<![CDATA[Yuwei Fang]]>;
<![CDATA[Qingjie XIa]]>
<![CDATA[ International Journal of Small and Medium Enterprises and Business Sustainability Vol. 1 No. 2 (2015) ]]>
Publisher : <![CDATA[Lembaga Penerbit Fakultas Ekonomi dan Bisnis Universitas Trisakti ]]>
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<![CDATA[Based on a panel data of all manufacturers for the period from 1999 to 2007 in China, this paper examines the relationship between liquidity preferences of firm and external financing environment. By applying the model of cash flow sensitivity of cash, this paper reveals that (i) although all firms encounter more or less financial constraints, state-owned enterprises (SOEs) get greater access to capital market and hence display positive cash flow sensitivity of cash; (ii) the fast growth of non-SOEs intensified financial constraints (but provide large amount of cash flow which is particularly true for the firms at their initial development stage and become the major financial resource for their further development), exhibits as the substitution of saving with investment; and (iii) the impact of financial constraints on the growth of non-SOEs increases with the size of the firms, which shows higher cash flow sensitivity of cash.]]>
<![CDATA[Industrialization Strategy and the Sustainable Development in Indonesia ]]>
<![CDATA[Fachru Norfian]]>
<![CDATA[ International Journal of Small and Medium Enterprises and Business Sustainability Vol. 1 No. 2 (2015) ]]>
Publisher : <![CDATA[Lembaga Penerbit Fakultas Ekonomi dan Bisnis Universitas Trisakti ]]>
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<![CDATA[Even though industrial production in Indonesia has been influenced by the long process of regime changes that increase industrial production from the period of 1971 to the one of 2005, but it has not triggered yet the process of industrialization and so development in Indonesia have not changed significantly despite of its high growth rate for long period notably between 1971 and 1997. In order to verify this hypothesis, this study uses input-output analysis approach that directly tackle sustainable development strategy and sectoral interactions that can detail and reveal structural change and innovation, information that is not provided by other methods. The result is extended with the structural decomposition. The analysis shows that Indonesia has experienced a significant sectors growth during the period while the impact of import substitution and export promotion to the industrialization process was very weak. It is observable that the small and medium enterprises could play a significant role in contributing to the effectiveness of industrialization strategy implementation.]]>
<![CDATA[Loan Supply and Demand in Rural Regional Bank: Evidence from Indonesia ]]>
<![CDATA[Rofikoh Rokhim]]>;
<![CDATA[Nadia Listiyani]]>
<![CDATA[ International Journal of Small and Medium Enterprises and Business Sustainability Vol. 2 No. 4 (2017): November ]]>
Publisher : <![CDATA[Lembaga Penerbit Fakultas Ekonomi dan Bisnis Universitas Trisakti ]]>
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<![CDATA[This study tries to identify the impact of third party funds, average lending rate (ALR) of working capital, non-performing loans (NPLs), and gross domestic regional products (GDRP) on loan supply in Rural Regional Banks (RRBs). In addition, this research also analyzes GDRP, region’s inflation, and ALR of working capital that influence loan demand of RRBs. This study uses panel data and regression method with random effect model from regional and time differences. The study proves that third party funds, ALR of working capital, NPL, and GDRP simultaneously have significant affects on the loan supply. Then GDRP, region’s inflation, and ALR of working capital simultaneously affect the loan demand.]]>
<![CDATA[The Big Data Technologies as an Important Factor of Electronic Data Processing and the Development of Computerized Analytical Platforms, Business Intelligence ]]>
<![CDATA[Sylwia Gwoździewicz]]>;
<![CDATA[Dariusz Prokopowicz]]>
<![CDATA[ International Journal of Small and Medium Enterprises and Business Sustainability Vol. 2 No. 4 (2017): November ]]>
Publisher : <![CDATA[Lembaga Penerbit Fakultas Ekonomi dan Bisnis Universitas Trisakti ]]>
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<![CDATA[The development of transformation and sharing information via the Internet has been determined by numerous facilities for beneficiaries, clients and those using information services of the public sector institutions. Moreover, there is an opportunity for the entities sharing electronic information via the Internet to significantly reduce transactional costs of their performed financial operations and electronic data transfer. On the other hand, the information technology (IT) development functioning in the Internet is connected with the risk of losing and theft of information by unentitled entities. The process of sharing information via the Internet generates many threats connected with identity theft crime, taking over secret data by hackers and embezzlement of money in the electronic banking systems. In response to the threats, particular entities, including the institutions of the financial sector, develop security systems of remote information sharing and performing transactions via the Internet. Nowadays, there is a continuity of the technique improvement process providing certain level of the Internet security data transfer. The procedures of safe transforming, stocking and sharing information in the Internet electronic banking have been being improved. National legal regulations considering new occurring technology innovation and electronic transfer technologies in the Internet have been being completed as well. Dissemination of standards of performing financial operations in the cloud as well as those huge data collections allocated in the big data platforms are within the fasted developing IT areas that determine further phases of advance of the electronic Internet banking.]]>
<![CDATA[Franchising-Modern Form of Business for Small and Medium sized Enterprises ]]>
<![CDATA[Jozef Orgonáš]]>
<![CDATA[ International Journal of Small and Medium Enterprises and Business Sustainability Vol. 2 No. 4 (2017): November ]]>
Publisher : <![CDATA[Lembaga Penerbit Fakultas Ekonomi dan Bisnis Universitas Trisakti ]]>
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<![CDATA[Franchising is a specific form of business, which began with a solid development in the 50th of last century, whereby the noticeable dynamics gained at the end of last two decades of 20th century. Its specific substance wins by offering of attractive possibilities for small and medium sized enterprises, in particular by effectiveness and lifetime stability in first five years of business activities and its positive vision for survival in the period of crisis and turbulent time. The successfulness of entrepreneurship by franchising form is one of the safety forms of entrepreneurial activity. It offers anyway the rational format with clearly divided tasks, which is the base of dynamical and effective system, at which its compactness, integrity and reliability is the precondition of surviving and achieving of success, for both parties ̶ the franchisor and for franchisee, as well. Franchising is model for small and medium sized enterprises and family owned business, as well, which works well if both sides become integrated with it.]]>
